Westfield Capital Management Co. LP Boosts Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Westfield Capital Management Co. LP lifted its position in Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,311 shares of the bank's stock after acquiring an additional 28,727 shares during the period. Westfield Capital Management Co. LP owned 0.36% of Wintrust Financial worth $25,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Wintrust Financial by 7.6% in the first quarter. Russell Investments Group Ltd. now owns 9,174 shares of the bank's stock worth $958,000 after purchasing an additional 651 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Wintrust Financial by 10.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,221 shares of the bank's stock valued at $336,000 after acquiring an additional 296 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Wintrust Financial by 2.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,850 shares of the bank's stock valued at $5,207,000 after acquiring an additional 1,144 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Wintrust Financial in the 1st quarter valued at $227,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Wintrust Financial by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank's stock worth $2,964,000 after acquiring an additional 1,919 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company's stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David L. Stoehr sold 1,607 shares of the business's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,198 shares of company stock worth $2,445,314. Corporate insiders own 1.47% of the company's stock.

Wintrust Financial Price Performance

Shares of WTFC stock traded up $1.21 on Monday, reaching $138.29. 635,577 shares of the company were exchanged, compared to its average volume of 387,374. Wintrust Financial Co. has a 1 year low of $82.90 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The business has a 50-day moving average price of $116.73 and a 200 day moving average price of $106.53. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 14.48 and a beta of 1.15.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analysts' expectations of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 earnings per share. Equities research analysts forecast that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. Wintrust Financial's payout ratio is currently 18.85%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WTFC. DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Truist Financial upped their target price on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James lifted their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 23rd. Piper Sandler boosted their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.